HOG vs. THO
HOG (Harley-Davidson, Inc.) and THO (Thor Industries, Inc.) are both stocks. Both operate in the Recreational Vehicles industry within the Consumer Cyclical sector. Over the past 10 years, HOG returned -3.14%/yr vs 3.41%/yr for THO. At a 0.37 correlation, their price movements are largely independent.
Performance
HOG vs. THO - Performance Comparison
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Returns By Period
In the year-to-date period, HOG achieves a 22.71% return, which is significantly higher than THO's -28.53% return. Over the past 10 years, HOG has underperformed THO with an annualized return of -3.14%, while THO has yielded a comparatively higher 3.41% annualized return.
HOG
- 1D
- -3.82%
- 1M
- 4.85%
- YTD
- 22.71%
- 6M
- 20.30%
- 1Y
- 9.04%
- 3Y*
- -7.28%
- 5Y*
- -9.61%
- 10Y*
- -3.14%
THO
- 1D
- 0.21%
- 1M
- -5.82%
- YTD
- -28.53%
- 6M
- -30.78%
- 1Y
- -13.13%
- 3Y*
- -6.46%
- 5Y*
- -5.73%
- 10Y*
- 3.41%
HOG vs. THO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 22.71% | -30.05% | -16.61% | -9.76% | 12.13% | 4.29% | 0.19% | 13.62% | -30.54% | -10.29% |
THO Thor Industries, Inc. | -28.53% | 9.74% | -17.90% | 59.77% | -25.57% | 13.26% | 27.97% | 46.47% | -64.79% | 52.43% |
Correlation
The correlation between HOG and THO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1987 | 0.37 |
The correlation between HOG and THO shifts across timeframes, from 0.37 (all time) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HOG:
$2.73B
THO:
$3.80B
HOG:
$1.96
THO:
$4.93
HOG:
12.60
THO:
14.71
HOG:
0.92
THO:
0.39
HOG:
$3.14B
THO:
$9.82B
HOG:
$994.65M
THO:
$1.21B
HOG:
$386.96M
THO:
$489.04M
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Return for Risk
HOG vs. THO — Risk / Return Rank
HOG
THO
HOG vs. THO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harley-Davidson, Inc. (HOG) and Thor Industries, Inc. (THO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HOG | THO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.97 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | -0.33 | +0.54 |
| Martin ratioReturn relative to average drawdown | 0.39 | -0.66 | +1.06 |
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Drawdowns
HOG vs. THO - Drawdown Comparison
The maximum HOG drawdown since its inception was -88.26%, which is greater than THO's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for HOG and THO.
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Drawdown Indicators
| HOG | THO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.26% | -79.55% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -43.24% | -39.83% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -58.74% | -48.40% | -10.34% |
Max Drawdown (5Y)Largest decline over 5 years | -64.11% | -48.40% | -15.71% |
Max Drawdown (10Y)Largest decline over 10 years | -73.28% | -76.94% | +3.66% |
Current DrawdownCurrent decline from peak | -54.91% | -47.01% | -7.90% |
Average DrawdownAverage peak-to-trough decline | -24.44% | -24.17% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.18% | 19.79% | +3.39% |
Volatility
HOG vs. THO - Volatility Comparison
Harley-Davidson, Inc. (HOG) and Thor Industries, Inc. (THO) have volatilities of 11.12% and 11.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOG | THO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 11.67% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 28.19% | 27.40% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.20% | 38.11% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 40.90% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.10% | 44.38% | -1.28% |
Dividends
HOG vs. THO - Dividend Comparison
HOG's dividend yield for the trailing twelve months is around 2.98%, more than THO's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOG Harley-Davidson, Inc. | 2.98% | 3.51% | 2.29% | 1.79% | 1.51% | 1.59% | 1.20% | 4.03% | 4.34% | 2.87% | 2.40% | 2.73% |
THO Thor Industries, Inc. | 2.84% | 1.97% | 1.53% | 1.57% | 2.33% | 1.62% | 1.74% | 2.13% | 2.92% | 0.93% | 1.26% | 2.03% |
Financials
HOG vs. THO - Financials Comparison
This section allows you to compare key financial metrics between Harley-Davidson, Inc. and Thor Industries, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
HOG and THO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THO has higher volatility (11.67%) compared to HOG (11.12%). In terms of maximum drawdown, HOG dropped -88.26% vs THO's -79.55%.
HOG currently has the higher Sharpe Ratio (0.22 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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